Adyen's growth outlook next year and in 2028 is more positive now the acquisitions of Talon.One and Orb have been completed, Jefferies analysts Hannes Leitner and Charles Brennan write. The Amsterdam-based payments provider said Wednesday it completed the acquisitions and that it will now start integrating Talon.One's promotional engine and Orb's flexible billing. Jefferies says the deals diversify Adyen's value proposition against pressured payment take rates. The investment bank forecasts second-quarter total payment volume and net revenue to increase 22% to 409 billion euros and 680 million euros respectively. Shares are up 0.4% at 845.60 euros. Jefferies has a buy rating on the stock and 1,166 euro target price. (ian.walker@wsj.com)